The Songwriter Equity Act (HR 4070) was introduced in February of last year by Congressman Doug Collins (R-Georgia), but failed to pass.
Today (March 4th) Collins and Senator Orrin Hatch (R-Utah) reintroduced the Songwriter Equity Act.
The bill is also sponsored by Congressman Hakeem Jeffries (D-New York) and Senators Sheldon Whitehouse (D-Rhode Island), Lamar Alexander (R-Tennessee), and Bob Corker (R-Tennessee).
The legislation would update Section 114 and 115 of the Copyright Act, allowing songwriters to receive fair market value for their work. It would do this by allowing a ‘rate court’ to consider other royalty rates when considering digital performance rates. It would also allow an increase in mechanical royalty rates.
The Songwriter Equity Act is supported by the NMPA, Nashville Songwriters Association International, ASCAP, BMI, and SESAC.
Read the proposed legislation here.
Nina Ulloa covers breaking news, tech, and more: @nine_u